Solved: The adjusted balance in the unearned rent account increased, Accounting Basics

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The adjusted balance in the unearned rent account increased

Question - Sharp collected rent in advance of $585,000 from its tenants during the current year. The adjusted balance in the Unearned Rent account increased from $345,000 to $495,000 during the year. What is Sharp's revenue from rent for the current year?

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Accounting Basics: The adjusted balance in the unearned rent account increased

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Accounting Basics: The adjusted balance in the unearned rent account increased

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